7214 HSN Code: Iron or steel rods and bars

HSN Sub Chapter 7214 represents Iron or steel rods and bars under GST classification. This code helps businesses identify Iron or steel rods and bars correctly for billing, taxation, and trade purposes. With HSN Sub Chapter 7214, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Iron or steel rods and bars.

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New GST Rate for HSN Code 7214

GST Rate for Iron or steel rods and bars under HSN Code 7214. Understand current tax rates, exemptions, and legal classifications to ensure accurate billing and GST filing.

Chapter No

72

HSN Code

7214

HSN Description

Other bars and rods of iron or non-alloy steel, not further worked than forged, hotrolled, hot-drawn or hot-extruded, but including those twisted after rolling

New GST Rate

18 %
Standard

Old GST Rate

18 %

Tariff HSN Codes under HSN Sub Chapter 7214

Following tariff HSN codes fall under Iron or steel rods and bars.

Tariff HSN

72141010

Description

Forged : Spring steel quality

Tariff HSN

72141090

Description

Forged : Other

Tariff HSN

72142010

Description

Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling : Spring steel quality

Tariff HSN

72142090

Description

Containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling : Other

Tariff HSN

72143000

Description

Other, of free cutting steel

Tariff HSN

72149110

Description

Other : Of rectangular (other than square) cross-section : Mild steel bright bar

Tariff HSN

72149190

Description

Other : Of rectangular (other than square) cross-section : Other

Tariff HSN

72149910

Description

Other : Other : Of spring steel quality

Tariff HSN

72149990

Description

Other : Other : Other

India’s Trade Performance — HSN Sub-Chapter 7214 in FY 2024-25

TradeStat EIDB — Ministry of Commerce & Industry FY 2018-19–FY 2024-25 Values in ₹ Crore

India’s Exports

FY 2024-25

₹533 Cr

−9.43% vs FY 2023-24

0.0144% of India’s total exports

India’s Imports

FY 2024-25

₹827 Cr

+25.84% vs FY 2023-24

0.0136% of India’s total imports

Trade Balance

FY 2024-25

−₹293 Cr

Trade Deficit

Surplus rank #820 of 1233 subchapters

% of Chapter 72

FY 2024-25

0.68%

Share of Chapter 72’s total exports in FY 2024-25

Import side: 0.56% of Chapter 72’s imports

Rank Within Chapter 72

FY 2024-25

#19 of 29

Position by export value among subchapters in Chapter 72

Import-side rank: #17 of 29

At a glance

−11.31%

Export CAGR

FY 2018-19 → FY 2024-25 · 7 fiscal years

#519

National Export Rank

of 1233 subchapters by export value, FY 2024-25

+173.28%

Peak Growth Year

FY 2021-22 · strongest single-year move

0.68%

Contribution to Ch. 72

Share of Chapter 72 exports in FY 2024-25

India Export-Import Trade Statistics for HSN Sub-Chapter 7214

7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.

FY 2018-19 Exp. Rank #281

Balance

+82.19

Exports

1,095.56 ₹ Cr

0.0477% share

— YoY

1.61% of Ch. 72

Imports

1,013.37 ₹ Cr

0.0282% share

— YoY

1.15% of Ch. 72

FY 2019-20 Exp. Rank #253

Balance

+235.49

Exports

1,200.73 ₹ Cr

0.0544% share

+9.60% YoY

1.83% of Ch. 72

Imports

965.24 ₹ Cr

0.0288% share

−4.75% YoY

1.27% of Ch. 72

FY 2020-21 Exp. Rank #196

Balance

+1,437.18

Exports

1,924.52 ₹ Cr

0.0895% share

+60.28% YoY

2.14% of Ch. 72

Imports

487.34 ₹ Cr

0.0167% share

−49.51% YoY

0.80% of Ch. 72

FY 2021-22 Exp. Rank #108

Balance

+5,104.25

Exports

5,259.33 ₹ Cr

0.1676% share

+173.28% YoY

3.08% of Ch. 72

Imports

155.08 ₹ Cr

0.0034% share

−68.18% YoY

0.16% of Ch. 72

FY 2022-23 Exp. Rank #420

Balance

+325.91

Exports

774.65 ₹ Cr

0.0214% share

−85.27% YoY

0.72% of Ch. 72

Imports

448.74 ₹ Cr

0.0078% share

+189.36% YoY

0.31% of Ch. 72

FY 2023-24 Exp. Rank #483

Balance

−68.15

Exports

588.89 ₹ Cr

0.0163% share

−23.98% YoY

0.60% of Ch. 72

Imports

657.04 ₹ Cr

0.0117% share

+46.42% YoY

0.43% of Ch. 72

FY 2024-25 Exp. Rank #519

Balance

−293.43

Exports

533.36 ₹ Cr

0.0144% share

−9.43% YoY

0.68% of Ch. 72

Imports

826.79 ₹ Cr

0.0136% share

+25.84% YoY

0.56% of Ch. 72

CAGR · 7-Year

Exports

−11.31% /yr

Imports

−3.33% /yr

Consistently Deficit
Chapter 72 total

reference, FY 2024-25

Export

₹78,223.76 Cr

Import

₹1,47,109.35 Cr

Trade Balance

−68,885.59

Peak export growth year Latest available data Not available YoY = change vs previous FY

Key Trade Insights: HSN Sub-Chapter 7214 Export-Import Analysis

Export Decline: −11.31% CAGR Over 7 Years

India's exports under HSN Sub-Chapter 7214 have declined at a compound annual rate of −11.31% over 7 fiscal years, falling from ₹1,095.56 Crore in FY 2018-19 to ₹533.36 Crore in FY 2024-25.

HSN Sub-Chapter 7214 Ranked #519 Among All 1233 Subchapters by Export Value

In FY 2024-25, HSN Sub-Chapter 7214 ranks #519 out of 1233 subchapters by total export value. Within Chapter 72, it ranks #19 of 29. By trade surplus, it ranks #820 of 1233.

FY 2021-22 Was the Strongest Growth Year for HSN Sub-Chapter 7214 Exports

The strongest single-year export movement for HSN Sub-Chapter 7214 was recorded in FY 2021-22, when exports surged by 173.28% over the prior year.

India Records a Trade Deficit of ₹293.43 Crore in HSN Sub-Chapter 7214 Goods

In FY 2024-25, India's imports of ₹826.79 Cr exceeded exports of ₹533.36 Cr, resulting in a trade deficit of ₹293.43 Crore — ranking #820 of 1233 by surplus magnitude.

Import Growth of −3.33% CAGR Signals Stable Import Dependency for Iron or steel rods and bars

India's imports under HSN Sub-Chapter 7214 have grown at −3.33% CAGR, reaching ₹826.79 Crore in FY 2024-25.

HSN Sub-Chapter 7214 Contributes 0.68% of Chapter 72 Exports — Ranked #19

Among the 29 subchapters under Chapter 72, HSN Sub-Chapter 7214 ranks #19 by export value — accounting for 0.68% of the chapter's total exports in FY 2024-25. On the import side, it holds 0.56% share (rank #17).

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Frequently Asked Questions

Clear answers to common queries about HSN Sub Chapter 7214 and GST compliance.

What products are classified under HSN 7214

It includes Iron or steel rods and bars

Is the composition scheme suitable if I mainly trade Iron or steel rods and bars?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

Any special steps when selling Iron or steel rods and bars through an e‑commerce platform?

Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.

What should my invoice and records include for Iron or steel rods and bars?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

If I repair and return Iron or steel rods and bars, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

What are the e‑way bill and e‑invoice points while moving Iron or steel rods and bars?

Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.

Important Disclaimer

The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

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